Airlines
Finnair to Raise €500 Million with New Share Offering
The European Commission on June 9 approved Finland’s participation in its flag carrier’s share offering.
A Finnair Airbus A320 taxis at Oslo Airport after arriving from Helsinki on May 26, 2019. (Photo: Flickr: Creative Commons (BY-SA) by Hawkeye UK)
A Finnair Airbus A320 taxis at Oslo Airport after arriving from Helsinki on May 26, 2019. (Photo: Flickr: Creative Commons (BY-SA) by Hawkeye UK)

Finnair plans to raise €500 million ($565 million) with a share offering in an effort to boost flagging liquidity resulting from Covid 19-related traffic declines, the airline said in a statement issued Wednesday. The subscription period for the share offer starts on June 17 and ends on July 1. Shares will trade on the Nasdaq Helsinki exchange between June 17 and June 25. The Finnish government, which holds some 55.9 percent of the airline’s outstanding shares, has committed to fully subscribe.